Park Elmwood Industrial Park at 5508-5602 Elmwood Ave. in Indianapolis — Courtesy: Denholtz
By Joshua Burd
Denholtz, the Red Bank-based investment manager, is gaining notice for its growing portfolio of small-bay industrial space.
The firm announced this week that it ranked 10th nationally on Small Bay List’s Top Small Bay Owners of 2025, a compilation based on total square feet owned and sourced from participant submissions. Small Bay List is a specialized, industry-leading platform that provides data, listings and market insights for the small-bay industrial real estate sector, an asset class in which Denholtz owned 5.3 million square feet as of Dec. 31.
“Small-bay industrial is one of the fastest-growing subsectors within the broader commercial real estate industry, driven by strong tenant demand, limited supply and its critical role in supporting last-mile logistics and local business operations,” said Mark Mahasky, senior vice president and head of acquisitions at Denholtz. “Our approach is rooted in acquiring and operating high-quality assets in infill markets across the country, where we can generate long-term value through a disciplined investment strategy.”
The firm has significantly expanded its small-bay industrial footprint in recent months, with acquisitions including the five-building, 117,635-square-foot Anchor Industrial Portfolio in Casselberry, Florida, according to a news release. Other new additions include the four-building, 133,200-square-foot Park Elmwood Industrial Park in Indianapolis and One Marcus Drive, a four-building, 103,647-square-foot park in Greenville, South Carolina.
